Published:
Erie Insurance to Begin Offering Workers' Compensation Coverage in West Virginia
ERIE, Pa., May 2 /PRNewswire/ -- Erie Insurance (Nasdaq:ERIE) has
announced that the company will begin writing workers' compensation policies
inWest Virginia on July 1, 2008. The company has done business in the state
for more than 30 years and offers auto, home, business and life insurance
through an exclusive network of independent agents.
(Logo: http://www.newscom.com/cgi-bin/prnh/20041112/ERIELOGO )
"Erie Insurance's entry intoWest Virginia will help us to more fully meet
our commercial policyholders' needs," says John Kearns, Erie Insurance senior
vice president and division officer, Commercial Lines & Reinsurance.
Erie Insurance's workers' compensation insurance provides coverage for
injury or disease sustained by employees arising in the course and the scope
of their employment, in compliance with state laws. The company offers loss
control consulting services free of charge to its workers' compensation
policyholders.
"Our loss control consultants can help identify potential causes of injury
before they occur and assist you in developing a comprehensive safety program
tailored to meet your business' unique needs," says Mike Fletcher,Parkersburg
branch manager. "This may help reduce losses and save on workers'
compensation costs."
"This feature is an integral part of Erie Insurance's dedication to being
above all in service," adds Kearns.
TheWest Virginia workers' compensation insurance market will become an
open and competitive market on July 1, 2008. Agents who represent Erie
Insurance began quoting workers' compensation business with the company on May
1, 2008, for policies with effective dates on or after July 1, 2008.
"If your employees are injured on the job or develop an employment-related
illness, they are most likely eligible to collect workers' compensation," says
Fletcher. "As an employer, you are required by law to provide some way of
assuring benefits to these workers."
According to A.M. Best Company, Erie Insurance, based inErie,
Pennsylvania, is:
-- The 16th largest automobile insurer in the United States based on
direct premiums written.
-- The 21st largest property/casualty insurer in the United States based
on total lines net premium written.
-- The top writer of Commercial Multi-Peril business in West Virginia.
-- The no. 3 writer of Commercial Auto business in West Virginia.
The Group, rated A+ (Superior) by A.M. Best Company, has over 3.8 million
policies in force and operates in 11 states and theDistrict of Columbia. Erie
Insurance Group ranked 463 on the FORTUNE 500.
SOURCE Erie Insurance
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